Core Scientific to exit Bitcoin mining by 2027 as AI data centers take over

Core Scientific plans to exit Bitcoin mining by 2027 and pivot fully toward AI data center colocation. Its colocation revenue reached $215.4 million in Q3 as it strengthens its AI ambitions ahead of the mining exit. Traders should watch whether other large miners follow, since reduced hashpower from a major public miner could shift network dynamics and sentiment around BTC mining economics.